Quote:
Originally Posted by woj
With banks at least the funds are FDIC insured, with gold money if something goes wrong, you are shit out of luck... if respected wall street guys can run a 50 Billion ponzi scheme for years, it wouldn't exactly be a shocker if gold money turned out to be running a ponzi scheme or some other scam too...  |
thanks, that is about what I wanted to say as well. Bullion is NOT a good investment, unless you are in for a very long term and buy in huge bulk. I buy gold off the street daily, people from time to time bring in Credit Suisse oz wafers and demand top dollar. However when I go to sell it to my sources, I do not make enough in most cases to warrant the investment. So I send them on their way.